Half Year 2019 Interim Report
WEL Group has released its interim Unaudited Financial Results for the six months to 30 September 2018, announcing a profit after tax of $21 million.
Group highlights include:
- Revenue of $109 million, ahead of prior year by $19 million predominately relating to strong urban development via third party contributions, increased utilisation of our electricity network and stronger uptake of fibre network access services.
- Total net debt of the Group was $513 million, an increase of $36 million from March 2018, with borrowings relating to the completion of the UFB2 fibre network build programme.
- Total assets of $1.1 billion, an increase of $46 million from March 2018.
- Profit after tax of $21 million, an increase of $11 million from the 30 September 2017 result
View the 2019 Interim Report
Annual Report 2018
The 2017-18 year has been positive for the WEL Group as we continue to provide reliable multi-utility services to our communities and extend the reach of our fibre network into additional North Island communities.
View the 2018 Annual Report